Roughly 33 million square feet of industrial leases signed in 2021 are set to expire in 2026, nearly three times the market’s typical annual renewal volume. That level of concentration matters, especially given how much rents have moved since those deals were executed.

Since 2021, contract rents have increased materially across every major submarket in Atlanta. In several corridors, rates have doubled from pandemic-era levels. For tenants operating under 2021 lease terms, upcoming renewals may bring significant cost adjustments. At the same time, a surge in renewals is likely to limit turnover, reducing the amount of second-generation space returning to the market and narrowing relocation options.

This environment rewards preparation. Tenants should be benchmarking current rents, modeling renewal versus relocation economics, evaluating supply pipelines and engaging the market early to preserve negotiating leverage.

The best pricing data, real-time market insight and established landlord relationships will be critical in navigating this cycle effectively. Tenants who approach 2026 with informed strategy and experienced guidance will be best positioned to manage exposure and protect long-term flexibility.